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Why You Don’t Need US$15,000 Gold to Be Rich
As the title of this article suggests, a soaring price of gold isn’t necessarily going to transform gold enthusiasts into wealthy individuals. Surprisingly, it might even do the opposite. I’m going to unpack this misunderstanding by showing you why one must be careful what they wish for. The key is in relative prices levels and its links to affordability and household wealth. Soaring price levels can also wreak havoc on the mining industry, as the past two years have shown.